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THE LATEST PLACEMAKING NEWS

Work is set to begin in March on the transformation of the Angel Place entrance and façade of Crowngate Shopping Centre in Worcester, as part of a £1.5m investment to create an exciting, modern shopping environment and a rejuvenated public space.

The £72 million retail and leisure development at intu Lakeside, which opens later this year, will introduce new restaurants and leisure brands to the south east of England; boosting the local economy with hundreds of new jobs across the leisure and hospitality sectors.

A taste of Asia is coming to Basingstoke’s Festival Place with the arrival of not one, but two new f&b operators expanding the wide menu of dining choices at the region’s leading retail and leisure destination. Independent Japanese restaurant The Sushi Maki and Kokoro, offering a palatable menu of East Asian dishes, have both signed up to open at the 1.1 million sq ft shopping centre.

Otto Kajetan Weixler (60) is leaving the management board of the Apleona Group on July 1, 2019, and is moving to the supervisory board of the company.

Shaftesbury has welcomed award-winning Sichuanese restaurant, JinLi, who have opened a second restaurant at Central Cross, named JinLi Chinatown. This is following the success of their first restaurant, which won ‘Best in England’ at the Golden Chopsticks Awards in April 2018.

Strong performance due to good location and high retail centrality – Independent investment and asset manager KGAL is further expanding its portfolio of special real estate AIF, with a high-footfall and established specialist retail centre. The Westfalen Einkaufszentrum (WEZ) is located in the north of Dortmund city centre in Germany.

“It has been a challenging year for H&M group and the industry but after a difficult first half, there are signs the company’s transformation efforts are beginning to take effect. Improved collections generated better full-price sales and lower markdowns towards the end of the year. This gave us confidence to accelerate our transformation plans in the fourth quarter with a particular focus on the upgrade of our logistics systems. Inevitably resulting in increased costs but will lead to a range of improvements for customers.” Karl-Johan Persson, CEO

Lendlease and Invesco Real Estate, the global real estate investment manager, have announced that luxury crystal jewellery brand, Swarovski, is to open their latest store at Queensgate shopping centre in Peterborough this Spring.

Realm, the specialist asset manager, has seen strong performance over the Christmas period across the key outlet assets it manages – Livingston Designer Outlet, Resorts World Birmingham, Dalton Park in County Durham and London Designer Outlet in Wembley.

Global fashion brand, Polo Ralph Lauren, is set to open its latest store in Liverpool ONE this spring. It will occupy a 1,900 sq ft space and will include both womenswear and menswear collections.